CMC Metals (CVE:CMB) Shares Down 20% – What’s Next?

Shares of CMC Metals Ltd. (CVE:CMB) fell 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares were traded during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.12 price objective on shares of CMC Metals and gave the stock a “buy” rating in a research note on Monday, January 6th.

CMC Metals Price Performance

The stock’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.02. The stock has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by company insiders.

About CMC Metals

CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company explores for silver, zinc, lead, gold, copper, antimony, bismuth, and tungsten deposits. It holds a 100% interest in the Silver Hart property that includes 116 claims covering an area of 2,017 hectares located in south-central Yukon.